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to leave today with two days left in the week -- \[inaudible] >> the house leaving with the fiscal cliff -- >> i will be here and will be available any moment to sit down with the president p to get serious about solving this problem. >> does the conference realize that you don't seem to be negotiating? >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy is a better way to raise this revenue than raising rates because raising rates will hurt the very people we are expecting to help create jobs in our country. thank you everybody. >> house democratic leaders spoke with reporters in the capital. this is 15 minutes. >> we are back. >> i know that you appreciate that we all have a day job and this is part of it. but we want to make sure that our ranking members that he leaves so effectively to make sure that we get all the members. let's start with you. >> allowing the middle class tax cuts, the debt limit on the table. >> consider that the republicans agree the new income tax will be a victory for the american
congressional leaders and the white house to add vert the fiscal cliff scheduled for tomorrow, but, guess what? the president will not be attending it, secretary tim geithner will. regardless of the -show tomorrow, president obama is hopeful to get a deal done by christmas, not inspiring confidence for pushing small businesses as key democrati leaders refuse to put entitlements on the table. for more on all of this, republican congressman langford of oklahoma. congressman, welcome back, always great to have youere. >> thank y very much. gerri: president with strong words for congress. here's what he had to say. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next wreer. right now, as we speak, coness can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the sen
boehner and house republican leaders talk about fiscal cliff negotiations. he says he is optimistic a deal can be reached with the president. >> morning, everyone. going over the fiscal cliff will hurt our economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner
to the fiscal cliff, subsequent meetings that took place in the select committee. i think there is far greater optimism because there is a true crisis on hand. everything that has been compressed into time and is awaiting before us. as he pointed out, comments today were very encouraging. the president remains very focused on this. he is taking that message out. i think it will take a matter of making sure that the business community ways in, that the academic community, the labor community, and the public in general does everything at stake here. and i do believe that congress will respond in a positive way. we all have our concerns. you have heard them outlined today by the vice chair himself. i am sure the republicans have their concerns as well. but i do think and remain optimistic that there is a great opportunity here for us to succeed. not by moving away from the core values that we stand for, but by embracing what we all now we agree on. >> can i add real quickly, you had to be in the room, first, because you have to see the enthusiasm that is in there. a lot of it is driven by these n
-door briefing earlier today to outline the proposal of president obama for the so- called fiscal cliff. what is the proposal? >> the top line #would be about $2.20 trillion in the budget control act. and they say compared to what the white house put out, the white house says it offers $4 trillion when using the same accounting as the white house, it would be about $4.60 trillion over 10 years. republicans say it would come from tax reform, but not to increasing tax rates. that has been a sticking point thus far in negotiations. >> you are talking about the bush tax rates? >> all of the bush era tax rates would be extended into next year and that would start the process for tax reform. it would be in the tax reform process that there would generate -- and they would generate $800 million -- $800 billion in revenue. and they say the $800 billion could be raised without raising tax rates, and this is something that is in dispute with the white house. the white house said there would be no deal unless republicans agreed to increase tax rates on the wall the next year. >> what do the republicans
Search Results 0 to 4 of about 5